Analyst sees chance of Obama resignation

'There are few Democrats who will fall on the proverbial grenade to protect the president'

Published: 12/05/2013 at 1:39 AM

(Fox Business News) Could ObamaCare actually force the man it’s named after to resign as president?

At least one Wall Street analyst says that while the chances are small, it’s not out of the question that President Obama could step down before the 2014 mid-term elections if his approval ratings continue to implode amid the controversy over his health-care plan.

“If ObamaCare is the fiasco that some headlines are suggesting it is, I place the odds around 10% the president will resign before next November’s election,” said Kent Engelke, managing director at the brokerage Capitol Securities Management.